They are seeking their second loan from Kiva's partner, Soro Yiriwaso, in order to meet customer demand. This group of women sells fruits and vegetables, such as oranges, as does SITAN M..
SITAN M. intends to use her loan to buy 25 sacks of oranges. She gets her supplies at the Grand Market in Sikasso. She sells for cash, at her home and at the HAMDALLAYE market in Sikasso, to a clientele comprising both men and women.
She foresees turning an average monthly profit of XOF 70'000 (ca US$ 140), to be used to pay for her family's daily expenses.
Elles sont à leur deuxième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de fruits et légumes tels les oranges à travers de SITAN M..
SITAN M. compte acheter avec son prêt, 25 sacs de d’oranges. Elle s’approvisionne au grand marché de SIKASSO. La vente est faite en famille et au marché de HAMDALLAYE à Sikasso à une clientèle composée d’hommes et de femmes? au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 70.000FCFA qui sera utilisé pour les dépenses quotidiennes de la famille.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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